An exploratory study of financial priorities, financial planning and control practices in voluntary organisations: Perceptions of treasurers in a developing country
Soobaroyen, Teerooven and Sannassee, Raja Vinesh (2007) An exploratory study of financial priorities, financial planning and control practices in voluntary organisations: Perceptions of treasurers in a developing country. Journal of Accounting and Organizational Change, 3, (3), 270-301. (doi:10.1108/18325910710820300).
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Description/Abstract
Purpose: This study seeks to explore the financial priorities, financial planning and control practices in locally-established voluntary organisations (LVOs) in a developing country context.
Design/methodology/approach: Two data collection methods are used to gather views from the LVO treasurers: a questionnaire survey and face-to-face interviews.
Findings: Treasurers are less focused on priorities involving internal planning and control and are found to be using financial planning and control practices to a limited and seemingly unsophisticated extent. In consideration of the theoretical implications of organizational legitimacy, overall findings suggest that internal practices are: extensively used to convey a symbolic message of rationality, in the pursuit of a pragmatic or a moral form of legitimacy towards a defined funding body or towards a perceived internal target audience, respectively; used in a limited and informal way due to their perceived inappropriateness in legitimating organizations, in “deference” to the voluntary organizations' (VO) primary social objectives; or are virtually inexistent, due to the strong influence of trust embedded in an “emotional-led” context, thereby explaining the irrelevance of financial/control practices – even for symbolic reasons.
Research limitations/implications: The questionnaire response rate has been relatively low but the findings are enhanced by the diversity of organizations which participated in the questionnaire and interview stages.
Originality/value: This study focuses on locally established organizations in a developing country context, which are typically less subjected to VO regulation and are “managed” by (unpaid) volunteers. The interviews involved a cross-section of LVOs, which has been instrumental in contemplating the potential relevance of the legitimacy perspective.
| Item Type: | Article |
|---|---|
| ISSNs: | 1832-5912 (print) |
| Related URLs: | |
| Keywords: | voluntary organizations, financial management, financial control, laws and legislation, mauritius |
| Subjects: | A General Works > AC Collections. Series. Collected works |
| Divisions: | University Structure - Pre August 2011 > School of Management |
| Item ID: | 80410 |
| Date Deposited: | 24 Mar 2010 |
| Last Modified: | 02 Mar 2012 12:54 |
| Contributors: | Soobaroyen, Teerooven (Author) Sannassee, Raja Vinesh (Author) |
| Date: | 2007 |
| Status: | Published |
| URI: | http://eprints.soton.ac.uk/id/eprint/80410 |
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